MLA-Borrower Affidavit

On July 21, 2015, the Department of Defense (DoD) expanded the coverage of the regulations for the Military Lending Act (MLA). The new regulation becomes effective for pawn transactions and others on October 3, 2016.

Apperson is now offering the MLA-Borrower Affidavit form for FREE! This form is to be filled out by the
borrower prior to making the pawn loan. For use by pawnbrokers who WILL
NOT BE using the DoD's database (safe harbor) to check their
customer's MLA status. For pre-checking consumer's military status and
requesting information on borrowers that identify themselves as Military in
order to check DoD's database.

***Use of the Affidavit form
alone DOES NOT CONFORM TO THE MLA SAFE HARBOR PROVISIONS. To be under Safe
Harbor you must check all borrowers through the DoD’s Online Database plus
retain a copy of the certificate supplied by the database.***